First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Short Interest Down 88.0% in July

by · The Markets Daily

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 54,637 shares, a decline of 88.0% from the June 30th total of 454,871 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 34,034 shares, the short-interest ratio is currently 1.6 days.

First Trust Alternative Absolute Return Strategy ETF Trading Up 0.1%

First Trust Alternative Absolute Return Strategy ETF stock traded up $0.02 during trading on Friday, hitting $31.25. 18,337 shares of the company were exchanged, compared to its average volume of 42,102. The business’s 50 day moving average is $32.49 and its 200 day moving average is $31.91. First Trust Alternative Absolute Return Strategy ETF has a 52 week low of $26.73 and a 52 week high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.144 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.58 dividend on an annualized basis and a yield of 1.8%. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in First Trust Alternative Absolute Return Strategy ETF during the fourth quarter worth about $31,000. CoreCap Advisors LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 20.9% in the 4th quarter. CoreCap Advisors LLC now owns 2,205 shares of the company’s stock valued at $60,000 after buying an additional 381 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 1st quarter valued at about $120,000. Tucker Asset Management LLC purchased a new stake in First Trust Alternative Absolute Return Strategy ETF in the 4th quarter valued at about $101,000. Finally, Harbour Investments Inc. lifted its position in shares of First Trust Alternative Absolute Return Strategy ETF by 31.4% during the 4th quarter. Harbour Investments Inc. now owns 5,645 shares of the company’s stock worth $153,000 after buying an additional 1,349 shares in the last quarter.

About First Trust Alternative Absolute Return Strategy ETF

(Get Free Report)

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.

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